My income shrank due to Conservatives

I checked my pay stubs for June 2006 and July 2006, and my federal income tax deduction went up. Apparently the Conservatives income tax hike went into effect when the GST cut of 1% did. The tax hike is costing me $87.60 more per year, while the GST cut only saves me that much if I buy $8,760 worth of GST taxable goods in the year.

paystub Click to enlarge.

Here’s an interesting link at StatCan which explains low income wages, and average wages in Canada for 2002 and earlier. It looks like I may even be below the so called poverty line today taking inflation into account. It makes me wonder why personal income tax exemption isn’t closer to $20,000 instead of the pathetic ~$8,700 it is now. I have a university degree in computer science, and fortunately don’t have a loan or children yet to worry about, otherwise I’d probably be in financial do-do even with the full time job I have now.
Jeff at BCinTO did a story on the tax changes, and along with my Dad’s suggestion to double check my paystubs, it was the inspiration for this demonstration of how Conservatives say one thing, and do another.

I encourage other people with jobs to share their figures with Canadians, so we can get a personal sense of how the Tories are taxing earnings from different levels of income.